New Yorkers for Responsible Lending

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What is New Yorkers for Responsible Lending?

New Yorkers for Responsible Lending (NYRL) is a state-wide coalition that promotes access to fair and affordable financial services and the preservation of assets for all New Yorkers and their communities. NYRL is committed to fighting predatory practices in the financial services industry through policy reform, education and outreach, research and direct services. NYRL members represent community financial institutions, community-based organizations, affordable housing and foreclosure prevention groups, advocates for seniors, legal services and labor organizations, and community reinvestment, fair lending, and consumer advocacy groups.

See the list of member organizations here!

NYRL is governed by its Steering Committee, open to all members. Members may also join one of four NYRL Working Groups, on Consumer Finance, Federal Advocacy, Insurance, and Mortgage issues, which identify priorities and present recommendations to the NYRL Steering Committee.

Please contact NEDAP to learn more about NYRL: 212-680-5100 or via email.

NYRL's 2011 Platform

NYRL members have forged a strong platform for 2011, to address pressing financial justice issues affecting communities throughout New York State. 

CAMPAIGN PRIORITIES
Campaign Priorities: 2011 Snapshot	Prevent Unfair Foreclosures	Ensure Fair Debt Collection Practices	End Unfair Use of Credit Checks by Employers

In addition to its three core campaigns, NYRL has taken positions on a range of community financial justice issues, as set forth in our 2011 Policy Statements.

POLICY STATEMENTS

Latest NYRL News

April 17, 2012:

NYRL members submit comment letter urging the Consumer Financial Protection Bureau (CFPB) to thoroughly examine the debt collection and credit reporting industries.

February 16, 2012:

BET News article, "Have You Fallen Victim to Debt Collectors?" cites NYRL on debt buyer abuses.

December 16, 2011:

Twenty one NYRL members submit comment letter urging new Federal Insurance Office to address property insurance redlining.

November 10, 2011:
NYRL holds Annual Statewide Meeting in Albany. The all-day meeting was a dynamic gathering of NYRL member organizations from around the state.  The meeting provided a space for members to identify coalition priorities and develop initial strategies for the coming year.

October 14, 2011:

NYRL members hold Long Island Regional Meeting in Islandia, NY, to discuss pressing financial justice issues affecting Long Island communities and ways to work together to promote change.

August 15, 2011

NYRL members submit comment letter to Consumer Financial Protection Bureau (CFPB) on the types of non-bank financial services companies the agency should examine.

August 8, 2011

NYRL members comment on the national banks regulator's weak proposed guidance on overdraft coverage and bank payday lending.

July 22, 2011:

NYRL members submit comment letter to Federal Reserve Board on its proposal to prohibit lenders from making mortgages without regard to borrowers' ability to repay.

June 5, 2011:

Articles in the Buffalo News and City Limits cite NYRL and describe controversy around bill that would permit check cashers to make usurious small-dollar loans.

May 23, 2011:

NYRL holds Western New York regional meeting. More than 35 people met in Buffalo to discuss pressing financial justice issues affecting local communities and opportunities for working together to promote change.

May 18, 2011:

NYRL calls on NYS Senate to withdraw industry bill that would permit check cashers to make usurious small-dollar loans. See NYRL's press statement.

February 19, 2011:

NYRL members, NEDAP and NYPIRG, speak about pressing financial justice issues, at annual Black and Latino Caucus Weekend, in Albany.

January 5, 2011:
Politics on the Hudson blog post, "Groups get jump-start on reaction to Cuomo’s speech," cites NYRL Steering Committee press statement on the need to make consumer protection a priority if a new state financial regulatory agency is formed.

December 22, 2010:
NYRL Steering Committee submits comments calling on Federal Reserve Board to withdraw proposed rule that would weaken borrowers' remedies against lenders that violate federal Truth in Lending Act.

November 19, 2010:
NYRL holds Annual Statewide Membership Meeting in Albany. More than 50 NYRL members participated in a lively day-long strategy session, sharing information and charting out the coalition's campaign priorities for the coming year.

April 15, 2010:

NYRL unveils coalition's policy reform priorities for 2010, at press event in Albany.  Click here for press release. Read the media coverage from Legislative Gazette.

November 12, 2009:

NYRL holds Annual Statewide Membership Meeting, attended by more than 50 coalition members.  NYRL members identified abusive debt collection and mortgage servicing/foreclosure prevention as the coalition's priority issues for the coming year.

NYRL issues press release commending the NYS Attorney General for filing suit against 37 debt collectors engaged in abusive debt collection practices.  Coalition says AG's action underscores need for strong state legislation to curb abusive debt collection practices.

May 14, 2009:

NYRL calls on the NYS legislature to pass legislation to protect New Yorkers from abusive debt collection practices.  See the media coverage from FOX 5 TV.

February 18, 2009:

NYRL Steering Committee calls for immediate temporary moratorium on all foreclosure filings and actions in NYS.   Click here for press statement.

December 2, 2008:

Newsday editorial, "Cushion for debtors: Some protection for living expenses," lauds NYRL's role in passage of the Exempt Income Protection Act.

November 14, 2008:

NYRL holds Annual Statewide Membership Meeting, attended by more than 45 coalition members.  The photos below show NYRL members exchanging information and experiences from around NYS, making topical presentations on emerging financial justice issues, and discussing coalition strategy in lively break-out sessions. 

September 26, 2008:

The Exempt Income Protection Act (A.8527A/S.6203B) is signed into law by Governor Paterson! See NYRL's press statement for more information.

August 5, 2008:

NYS Gov. Paterson signs responsible lending and foreclosure prevention bill into law!

NYRL members with Gov. Paterson outside Queens Borough Hall, on August 5, 2008,

after signing of foreclosure prevention and responsible lending bill.

June 24, 2008:

The Exempt Income Protection Act (A.8527A/S.6203B) passes the Senate! See NYRL's press statement for more information.

Read more NYRL News.

Quick Links

• NEDAP Summary of NYS' Foreclosure Prevention and Responsible Lending Act of 2008

• NYRL model bill summary: 2008 Responsible Lending Act (pdf)
• NYRL model bill summary: 2008 Exempt Income Protection Act (pdf)
• Exempt Income Protect Act: Fact Sheet (pdf)

• Home Equity Theft Prevention Act - Summary of Law (pdf)
• NYS Anti-Predatory Lending Law (Banking Law 6-l) - Summary of Law (pdf)

Join the Coalition!

Non-profit community and advocacy organizations in New York State may request membership into NYRL. Membership is not open to individuals or government bodies.  For more info, contact NYRL.  See the list of NYRL members here!